Workers file 473,000 new jobless claims, hitting another pandemic low The number of Americans seeking new jobless benefits continued a steady week-over-week decline, falling below a half million and hitting a pandemic low. China’s industrial output growth slows in April, retail sales miss forecastsChina's factory output growth slowed in April from the jump seen in the previous month while retail sales missed analyst expectations, indicating more pressure on the recovery in consumption. Unemployment claims report will shed new light on the economy.The labor market is struggling to return to normal after more than a year of being whipsawed by the pandemic. U.S. weekly jobless claims fall; producer prices surge in AprilFewer Americans filed new claims for unemployment benefits last week, as companies held on to their workers amid the growing labor shortage that helped to curb job growth in April. Jobless Claims May Help Reveal State of the Labor Market: Live Updates No more tax rises if economic boom provides £20bn windfallBritain’s booming economic recovery will remove any need for further tax rises this parliament as Rishi Sunak is given a £20 billion growth windfall, according to an analysis of the Bank of England’s China’s factory-gate prices surge by most in over three yearsChina’s producer price index (PPI) rose 6.8 per cent in April from a year earlier, while the consumer price index (CPI) rose 0.9 per cent last month from a year earlier. Economy to grow at record pace as Covid recedesBritain is on course for its strongest year of economic growth since the Second World War as households spend their lockdown savings and businesses step up investment, the Bank of England has said.